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Asia Pacific Solid Oxide Fuel Cell Market Size
- Report ID: GMI7321
- Published Date: Nov 2023
- Report Format: PDF
Asia Pacific Solid Oxide Fuel Cell Market Size
Asia Pacific Solid Oxide Fuel Cell Market was valued at 238 million in 2022 and is projected to expand at 1.1% CAGR between 2023 and 2032. Potential utilization across portable power systems and transportation, including fuel cell vehicles along with ongoing research and development to improve efficiency, reduce costs, and expand its range of applications will augment to business growth.
Ongoing efforts for rural electrification to provide reliable source of power coupled with significant investments in developing the hydrogen infrastructure will boost the industry outlook. For instance, in October 2021, poscoenergy completed the construction of the Shinincheon Bitdream fuel cell power plant, the world's largest hydrogen plant with the capacity to deliver power to nearly 250,000 homes per year. Further, the plant development will continue to complement the business growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Asia Pacific Solid Oxide Fuel Cell Market Size in 2022: | USD 238 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 1.1% |
| 2032 Value Projection: | USD 294 Million |
| Historical Data for: | 2019 to 2021 |
| No. of Pages: | 150 |
| Tables, Charts & Figures: | 224 |
| Segments covered: | Tye, Application, and End Use |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Asia Pacific Solid Oxide Fuel Cell Market Scope
